A sports store is considering opening a new branch. The investment to open it is...
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Accounting
A sports store is considering opening a new branch. The investment to open it is $2,250,000.00. Revenues are expected to be $650,000.00 per year with an increase of $40,000.00 per year. It is necessary to consider that the store needs two employees whose salary will be $8,000.00 per month each. In addition, annual administrative expenses of $190,000.00 must be taken into account. How long will it take to recover the investment?
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